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GBPUSD is trading highly volatile on Brexit uncertainty.UK MPs finally voted in favour of delay bill in House of commons by 313 votes to 312 which will force PM May to ask for further extension to avoid no deal Brexit. The bill will be debated and expects to be passed in House of Lords on Thursday. EU commission President Jean-Claude Juncker said clearly that there is no possibilities of another short Brexit delay if House of Commons not passed the deal before Apr 12th 2019.
The pair’s near term resistance is around 1.3200 and any violation above will take the pair to next level till 1.3265/1.3300. It should break above 1.3300 for further bullishness.
The near term support is around 1.3000 any violation below targets 1.2960/1.2900.
It is good to sell on rallies around 1.3200 with SL around 1.3270 for the TP of 1.3000/1.2965.
